APA Corporation (APA)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,199,000 | 3,358,000 | 5,082,000 | 2,692,000 | 173,000 |
| Total assets | US$ in thousands | 19,390,000 | 15,244,000 | 13,147,000 | 13,303,000 | 12,746,000 |
| Operating ROA | 16.50% | 22.03% | 38.66% | 20.24% | 1.36% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $3,199,000K ÷ $19,390,000K
= 16.50%
APA Corporation's operating return on assets (operating ROA) has exhibited a positive trend over the past five years. The metric increased from 1.36% as of December 31, 2020, to 20.24% by December 31, 2021. This significant improvement continued, reaching 38.66% by December 31, 2022, indicating a substantial enhancement in the company's ability to generate operating income relative to its total assets.
However, in the following year, APA Corporation experienced a slight dip in operating ROA, falling to 22.03% by December 31, 2023. Despite this decrease, the metric remained at a relatively high level, reflecting continuing efficiency in asset utilization.
By the end of December 31, 2024, APA Corporation's operating ROA further declined to 16.50%. While this figure was lower than the peak in 2022, it still indicates a solid performance in generating operating income in relation to the company's asset base.
Overall, the fluctuation in operating ROA suggests that APA Corporation has been able to effectively manage its assets to generate operating income, with the metric demonstrating both growth and resilience over the five-year period.
Peer comparison
Dec 31, 2024